| Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Product | - | - | 5,755 | 6,397 | 3,957 | 4,496 | 4,920 | 5,138 |
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Service | - | - | 698 | 923 | 678 | 759 | 906 | 928 |
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Total sales | 6,224 | 6,656 | 6,453 | 7,320 | 4,634 | 5,255 | 5,826 | 6,065 |
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Product | - | - | 2,657 | 3,051 | 1,643 | 1,833 | 1,995 | 1,982 |
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Service | - | - | 474 | 589 | 383 | 414 | 468 | 489 |
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Total cost of sales | 3,192 | 3,358 | 3,131 | 3,640 | 2,026 | 2,248 | 2,462 | 2,471 |
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Gross profit | 3,033 | 3,299 | 3,321 | 3,680 | 2,609 | 3,007 | 3,363 | 3,594 |
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Selling, general, and administrative expenses | 1,402 | 1,538 | 1,729 | 2,220 | 1,748 | 1,840 | 1,957 | 2,063 |
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Research and development expenses | 385 | 406 | 414 | 457 | 321 | 355 | 402 | 398 |
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Russia exit and wind down costs | - | - | - | - | - | - | 18 | - |
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Operating profit | 1,246 | 1,355 | 1,178 | 1,004 | 539 | 813 | 987 | 1,134 |
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Interest expense, net | 49 | - | 97 | 164 | 149 | 103 | 98 | 124 |
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Loss on extinguishment of debt | - | - | - | - | - | -105 | - | - |
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Gain on investment in Vontier Corporation | - | - | - | - | 1,100 | - | - | - |
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Gain on litigation resolution | - | - | - | - | - | 30 | - | - |
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Other non-operating expenses, net | - | - | -3 | -6 | -2 | -14 | -16 | -19 |
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Earnings from continuing operations before income taxes | 1,197 | 1,284 | 1,078 | 875 | 1,508 | 678 | 874 | 991 |
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Income taxes | 325 | 240 | 160 | 149 | 56 | 63 | 118 | 125 |
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Net earnings from continuing operations | - | - | 918 | 725 | 1,452 | 614 | 755 | 866 |
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Earnings (loss) from discontinued operations, net of income taxes | - | - | 1,996 | 14 | 161 | -6 | - | - |
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Net earnings | 872 | 1,045 | 2,914 | 739 | 1,613 | 608 | 755 | 866 |
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Mandatory convertible preferred dividends | - | - | 35 | 69 | 69 | 35 | - | - |
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Net earnings attributable to common stockholders | - | - | 2,879 | 670 | 1,544 | 574 | 755 | 866 |
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Income (Loss) from Continuing Operations, Per Basic Share | - | - | 2.56 | 1.95 | 4.1 | 1.66 | 2.12 | 2.46 |
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Income (Loss) from Continuing Operations, Per Diluted Share | - | - | 2.52 | 1.93 | 4.05 | 1.65 | 2.1 | 2.43 |
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Net earnings per common share from discontinued operations, basic (in dollars per share) | - | - | 5.78 | 0.04 | 0.48 | -0.02 | - | - |
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Net earnings per common share from discontinued operations, diluted (in dollars per share) | - | - | 5.69 | 0.04 | 0.45 | -0.02 | - | - |
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Net earnings per common share, basic (in dollars per share) | 2.52 | 3.01 | 8.33 | 1.99 | 4.58 | 1.64 | 2.12 | 2.46 |
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Net earnings per common share, diluted (in dollars per share) | 2.51 | 2.96 | 8.21 | 1.97 | 4.49 | 1.63 | 2.1 | 2.43 |
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